USDJPY IS SHOWING WEAKNESS BEFORE THE JOBS NUMBER COMES OUT TODAY. IT TRENDED SLIGHTLY LOWER THROUGHOUT LONDON TRADING FORMING A WEDGE WHICH IT BROKE OUT OF IN NEW YORK TRADING. UNDER THE
WAVE PARADIGM WE HAVE TWO POSSIBILITIES REGARDING FUTURE PRICE ACTION.
THE FIRST IS A ENDING DIAGONAL (3-3-3-3-3)
THE SECOND IS A FLAT (3-3-5)
WAVE PARADIGM WE HAVE TWO POSSIBILITIES REGARDING FUTURE PRICE ACTION.
THE FIRST IS A ENDING DIAGONAL (3-3-3-3-3)
THE SECOND IS A FLAT (3-3-5)